Excellent investment Opportunity with Strong Cash Flow Potential. Live in one unit and rent out the other to help cover your mortgage! This well-maintained duplex offers great flexibility and income potential. Front Unit: Features 3 bedrooms and 1.75 bathrooms across approximately 1,038 sq. ft. Fully remodeled in 2016 down to the framing, this unit is currently tenant-occupied, generating immediate rental income. Rear Unit: Detached and built in 2018, this unit also offers 3 bedrooms and 1.75 bathrooms with approximately 920 sq. ft. It is currently vacant and move-in ready ideal for an owner-occupant or additional rental income. Two single-car garages with alley access and two gated carports. Separate utility meters for each unit—no need to share. Dedicated washer and dryer hookups for each unit. Zoned LARD1.5 potential to add up to 4 units plus ADUs (buyer to verify with city). Conveniently located minutes from freeways, shopping, and more. Don’t miss this versatile opportunity.
Home Style:
Traditional
Property Sub Type:
Duplex
Property Attached:
No
Lot Area:
6,004 sq. ft.558 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1919
(Age: 106)
General Listing Location:
Harbor City, 124 - Harbor City
County Or Parish:
Los Angeles
Tenant Pays:
All Utilities
Common Interest:
None
Gross Income:
$73,200
Gross Scheduled Income:
$73,200
Net Operating Income:
$62,700
Cap Rate %:
7.0
Rent Control:
Yes
Total Actual Rent:
$3,100
Association Fee:
$0
Land Lease:
No
Insurance Expense:
$2,016
Operating Expense:
$10,500
Trash Expense:
$0
Tax Lot:
4
Tax Block:
17
East of Normandie
Floor
Type
Size
Other
-
Bedroom
Measurements not available
Bedroom on Main Level
-
Kitchen
Measurements not available
-
-
Bedroom
Measurements not available
All Bedrooms Down
-
Laundry
Measurements not available
-
-
Living Room
Measurements not available
-
View:
None
Appliances:
Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Electric Range, Free-Standing Range, Disposal, Gas Range, High Efficiency Water Heater, Tankless Water Heater, Water Heater
Accessibility Features:
No Stairs, Parking, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Number of Buildings:
2
Other Structures:
Two On A Lot
# of Electric Meters:
2
# of Gas Meters:
2
# of Water Meters:
2
# Units Leased:
1
Community Features:
Urban
Senior Community:
No
Interior Features:
All Bedrooms Down, Bedroom on Main Level
Laundry Features:
Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Propane Dryer Hookup
Door Features:
Insulated Doors
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
0-1 Unit/Acre, Front Yard, Level, Rectangular Lot, Street Level
Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
Direction Faces:
North
Levels:
One
Num Stories:
1
Entry Level:
1
Entry Location:
Front/Back
Construction Materials:
Stucco
New Constr.:
No
Flooring:
Laminate, Tile
Foundation:
Raised, Slab
Roof:
Asbestos Shingle
Common Walls:
No Common Walls
# Units:
2
Property Condition:
Building Permit
Heating:
Combination, Forced Air
Utilities:
Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected